In addition to the most frequently mentioned Ethereum and Binance Smart Chain (hereinafter referred to as BSC), some emerging public chains such as Polygon, Terra, Avalanche, and Fantom are gradually standing at the forefront and attracting people's attention. In the first issue, we used FootPrint data to describe"Why Solana can shine in many public chains"image description

The TVL of each public chain is Total Value Locked (total locked value)

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1. The battle of public chains broke out, and all public chains blossomed

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TVL market share of each public chain (since January 2021), data source: Footprint Analytics

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TVL of each public chain (from January 2021), data source: Footprint Analytics

Number of protocols on each public chain (September 2021), data source: Footprint Analytics

Number of protocols on each public chain (September 2021), data source: Footprint Analytics

According to the number of public chain protocols included in Footprint Analytics, Ethereum has 276 protocols, which is 3.14 times that of the second-ranked BSC. Polygon, Fantom, and Avalanche have also launched incentive plans one after another. Compared with Ethereum, they have more attractive handling fees and faster transaction speeds, which shows that the future development of the second-tier public chains should not be underestimated.

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Distribution of each chain of the top 30 protocols (September 2021), data source: Footprint Analytics

Token prices of each public chain (since June 2021), data source: Footprint Analytics

Token prices of each public chain (since June 2021), data source: Footprint Analytics

Token transaction volume of each chain (since June 2021), data source: Footprint Analytics

Token transaction volume of each chain (since June 2021), data source: Footprint Analytics

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2. The price of AVAX jumped to the fourth place

In February this year, BSC began to grow explosively. Three months later, in May, Polygon also entered the high-speed growth lane. Three months later, in August, the rapid growth of Avalanche attracted people's attention. From the second quarter, the growth rate of each public chain, except for Polygon, the fastest is Solana and Avalanche, as high as 1497% and 1124% respectively. Solana has been exhaustively studied in the last analysis (Why can Solana shine in many public chains?image description

Avalanche's TVL (as of February 2021), data source: Footprint Analytics

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The number of agreements of more than 100 million US dollars in each public chain (September 2021), data source: Footprint Analytics

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The TVL market share of each protocol in the Avalanche chain (since January 2021), data source: Footprint Analytics

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Prices of public chain tokens (from June 2021), data source: Footprint Analytics

epilogue

 epilogue

With the promotion of Avalanche Rush, Avalanche will also inherit Aave and Curve, two protocols with the highest TVL on Ethereum in the future. With the explosive growth of TVL and tokens on Avalanche, don’t forget to pay attention to its security. Ethereum’s POW has been verified for a long time, while other public chains using POS still need time to verify. At present, the premiums of various public chains that are blooming are constantly being pushed up, but when the various reward programs end, whether it will be a mess or continue to thrive requires users to evaluate more carefully.

Disclaimer: This article is the author's independent opinion, does not represent the position of the Blockchain Institute (public account), and does not constitute any investment opinion or suggestion.

Disclaimer: This article is the author's independent opinion, does not represent the position of the Blockchain Institute (public account), and does not constitute any investment opinion or suggestion.

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